AAVE has been a top performer and could surpass $260 price if it breaks the $153 level after showing strong potential on higher time frames.
In the last 24 hours, top performers were older coins and large caps, a positive sign for the crypto market as it moves beyond its recent range-bound and bearish phase.First, AAVE is showing strong potential on higher time frames. Recently, AAVE has been a top performer and could surpass $260 price if it breaks the $153 level.
After breaking out from a falling wedge pattern, AAVE made a new short-term high, retested the breakout zone, and respected the fair-value gap, stalled and now its surging.The continued strength of AAVE is supported as it remained in an accumulation phase within a 900-day range but rejected the $113 key resistance four times before breaking.With AAVE’s price expected to hit and surpass $153, there’s potential for a move towards the next liquidity level at $260.
Wallet activities also surged, with one smart trader swapping 675.5 $WETH for 14,777 $AAVE at $121.2, according to SpotOnChainAAVE’s market cap is about $1.9 billion, with a trading volume of $321 million and a total value locked at $11.5 billion. The fully diluted market cap stands at $2 billion, with a circulating supply of 14.9 million out of a total 16 million. A 12.57% volume-to-market cap ratio indicates high liquidity for AAVE.Lennox is a professional financial market analyst who's enthusiastic about blockchain, cryptos, and web3. He started blogging about cryptos back in 2019 and has since never looked back.
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